Otter Tail Corp — Director's Dealing 2016

Feb 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2016-02-04

Reporting Person: ROGELSTAD TIMOTHY J (Sr VP, Elect Plat; Pres OTP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-06	Common Stock	M	450	—	Acquired	4134.1984	Direct
2016-02-06	Common Stock	F	176	$28.40	Disposed	3958.1984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-04	Restricted Stock Units	$	A	2400	Acquired		Common Stock (2400)	Direct
2016-02-06	Restricted Stock Units	$	M	450	Disposed		Common Stock (1800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2163.6661	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2016-04-08	Common Stock (250)	250	Direct
Restricted Stock Units	$	2016-04-08	Common Stock (1000)	1000	Direct
Restricited Stock Units	$	2017-04-08	Common Stock (250)	250	Direct

Footnotes

F1: The restricted stock units vest in four equal installments beginning February 6, 2016.

F2: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

F3: Total direct holdings include shares held in Dividend Reinvestment Plan, shares held jointly with spouse that were acquired through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards, Restricted Stock Units

F4: These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).

F5: The restricted stock units vest in four equal annual installments beginning February 6, 2017.